| 1. | However, the debt service reserve fund should adequately protect debt service obligations.
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| 2. | The government must spend $ 22 billion on debt servicing this year.
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| 3. | Debt service is one of the more inflexible components of the budget,
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| 4. | New York pays nearly $ 4 billion each year in debt service.
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| 5. | This year alone, debt service payments total dlrs 1 . 2 billion.
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| 6. | The arena is expected to more than cover its required debt service.
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| 7. | The increase in debt service will be due mainly to this liability.
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| 8. | However, the increased debt servicing cost will significantly drain its cash flow.
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| 9. | However, the debt service reserve fund should adequately protect debt service obligations.
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| 10. | Still, debt servicing costs resulted in net loss of 596 million francs.
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